Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 |
Revenues | 288.4 | 251.8 | 186.0 | 163.8 | 129.6 |
Revenue growth | 14.5% | 35.4% | 13.6% | 26.4% | |
Cost of goods sold | 96.0 | 73.7 | 57.9 | 51.3 | 51.5 |
Gross profit | 192.3 | 178.1 | 128.1 | 112.5 | 78.0 |
Gross margin | 66.7% | 70.7% | 68.9% | 68.7% | 60.2% |
Selling, general and administrative | 126.2 | 112.4 | 73.3 | 67.2 | 44.4 |
Sales and marketing | 64.4 | 63.6 | 44.8 | 45.0 | 27.2 |
EBITA | -86.9 | -61.8 | -46.6 | -36.8 | -34.3 |
EBITA margin | -30.1% | -24.5% | -25.0% | -22.5% | -26.4% |
Amortization of intangibles | 2.6 | 0.6 | | | |
EBIT | -89.5 | -62.4 | -46.6 | -36.8 | -34.3 |
EBIT margin | -31.0% | -24.8% | -25.0% | -22.5% | -26.4% |
Pre-tax income | -92.2 | -63.1 | -47.8 | -38.2 | -34.1 |
Income taxes | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 |
Net income | -92.3 | -63.2 | -47.9 | -38.2 | -34.2 |
Net margin | -32.0% | -25.1% | -25.7% | -23.3% | -26.4% |
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Diluted EPS | ($0.92) | ($0.82) | ($4.14) | ($3.72) | ($3.41) |
Shares outstanding (diluted) | 99.8 | 77.1 | 11.6 | 10.3 | 10.0 |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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